New Delhi, April 14 -- Pakistan's stock markets rallied sharply on Tuesday, April 14, with its benchmark indices rebounding after a steep fall in the previous session, as renewed hopes of fresh talks between Iran and the United States lifted investor sentiment. Gains in global peers and a decline in crude oil prices also aided the sentiment.

The KSE 100 index surged as much as 4,977 points, or 3%, to hit an intraday high of 165,150.38, recovering after a decline of over 4% in the previous session. Despite recent volatility, the index has gained 7.5% over the past one month, though it remains down 9% over three months. On a longer-term basis, it has risen 42% over the past one year.

Meanwhile, the broader KSE 30 index also witnessed a st...